General Growth Properties has hired Zyscovich Architects to "re-imagine" the Downtown Miami market place. The common area's and waterfront plazas will be renovated, the two level parking garage will be expanded and retail space will be added.
Miami Commissioners approved a 99 year lease agreement with Bayside Marketplace and Skyrise Miami developer Jeffrey Berkwitz when General Growth committed at least $27 Million in upgrades to the mall.
Berkowitz will pay rent to Bayside and contribute more than $ 1 million annually to the city of Miami, which is allowing the developer to sublease 1.9 acres behind Bayside.
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